Corona ( coronavirus ) Due to sluggish economic system (Indian Economy) to speed up the central government is running several schemes. Capital is a major factor for promoting entrepreneurship. For this, the central government provides special loan facility for entrepreneurs at various rates through various schemes.
The Yogi government will provide financial help to small traders of Uttar Pradesh in the midst of Corona crisis. The Yogi government will help businessmen with Rs 5 lakh for marketing their product to increase business. It has been named the ‘Start Up Policy 2020’, under which the government will provide financial assistance for marketing assistance. The government has notified the new Start Up Policy 2020.
Scheme to strengthen MSME sector
Explain that the central government is taking many steps to strengthen the MSME sector. Many types of help have been announced for this. These include incentives to increase business as well as subsidy on loan interest. Registered MSMEs get the benefit of subsidy and tax exemption. Apart from this, there is also the benefit of Capital Subsidy. They can easily get a loan at low interest rates by registration.
Start up plan will be applicable in the state
The government of Uttar Pradesh will soon implement this policy. Startup and incubation centers will be promoted throughout the state. According to Additional Chief Secretary (Electronics and Information Technology) Alok Kumar, under the new policy, marketing assistance up to Rs 5 lakh will be provided for MSME. He informed that the Department of IT and Electronics is working closely with Sidbi (Small Industries Development Bank of India) to help with new start ups and MSME’s venture capital funding. Please tell that the number of members of PHDCCI Chamber is more than one and a half lakh and 70% of them are MSME